News: Brokerage

Canopy by Hilton and Hyatt House to operate hotels in shared building

Savills Studley's U.S. Capital Markets Hospitality Group advised Hoffman-Madison Waterfront, the master developer of the mixed-use waterfront community The Wharf, in choosing Hilton Worldwide and Hyatt Hotels Corp. for its 413-key dual-branded hotel. Following an extensive, year-long RFP process in which more than 20 hotel brands from around the globe responded, Savills Studley secured the Canopy by Hilton and Hyatt House brands for the 300,000 s/f hotel. Both locations will be managed and operated by Concord Hospitality Enterprises Company and designed by SmithGroup JRR. "We received an overwhelming response from national and international hotel brands. Ultimately it was determined that the unique combination of Hilton, Hyatt and Concord Hospitality Enterprises would provide a superior experience," said Justin Magazine, managing director of Savills Studley's U.S. Capital Markets Hospitality Group. Canopy by Hilton will open its first location in the District of Columbia with a 120,000 s/f lifestyle brand hotel with 175 rooms, while the Hyatt House be a 145,000-square feet extended-stay hotel with 238 rooms. The combined hotels will include dining options, a 1,100-square-foot fitness center, 2,500 square feet of meeting space, outdoor terraces, an outdoor pool and a rooftop bar. The property will be located between Maine Avenue and Wharf Street, adjacent to 7th Street Park. The hotels are expected open in Fall 2017.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account